Bank of England vows action to ease economic impact of coronavirus
The Bank of England has vowed to help stabilise financial markets, joining other central banks in promising action to ease the economic impact of the coronavirus.
It followed a rebound in Asian markets amid hopes central banks will cut interest rates and provide stimulus.This mirrored a similar pledge from the US Federal Reserve on Friday to stop more big falls on global stock markets. "The Bank is working closely with HM Treasury and the FCA - as well as our international partners - to ensure all necessary steps are taken to protect financial and monetary stability," a spokesman said.
In a statement, the Bank of Japan said:"The BoJ will monitor developments carefully, and strive to stabilise markets and offer sufficient liquidity via market operations and asset purchases."
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